Benson exchanged real property, used exclusively for business and with an adjusted basis of $100,000, for new real property with a fair market value of $120,000 and received $5,000 in cash What amoun...

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Benson exchanged real property, used exclusively for business and with an adjusted basis of $100,000, for new real property with a fair market value of $120,000 and received $5,000 in cash What amount of gain did Benson recognize from the transaction Please show work and explain ...

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Benson exchanged real property, used exclusively for business and with an adjusted basis of $100,000, for new

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